Debenhams on Tuesday said it would cut a further 2,500 jobs,
while taking "all necessary steps" to give the chain every
chance of a viable future.
The company said that the move to appoint Hilco Capital, first
reported by Sky News on Saturday, was part of that process but
not an indication that liquidation was a likely outcome.
"Debenhams is trading strongly, with 124 stores reopened and a
healthy cash position," Debenhams said in a statement.
"The administrators have appointed advisors to help them assess
the full range of possible outcomes which include the current
owners retaining the business, potential new joint venture
arrangements (with existing and potential new investors) or a
sale to a third party."
(Reporting by Alistair Smout; editing by John Stonestreet and
Christina Fincher)
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